China Pumps $65 Billion Into Banking System

Central Bank’s Move Aimed at Boosting Chinese Lenders’ Liquidity

BEIJING—China is pumping about 400 billion yuan (nearly $65 billion) into the country’s banking system, according to people with knowledge of the matter, as it seeks to help its banks lend out money to reinvigorate slowing growth.

The injection comes as China risks missing its annual economic growth target—set at about 7.5% for 2014—for the first time since the 1998 Asia financial crisis.